RWC Asset Management LLP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
RWC Asset Management LLP disclosed 166 US equity positions worth $2.0bn in its Q4 2025 13F filing. The largest position was M at 11.9% of the reported book, followed by HPQ and EXC. Against the Q3 2025 filing, it opened 2 new positions, added to 16 and reduced 31 among the top 50 holdings.
What did RWC Asset Management LLP own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | M MACYS INC | Consumer Cyclical | 11.9% | $241.8m | 10,965,149 | 1% | added |
| 2 | HPQ HP INC | Technology | 6.6% | $133.9m | 6,010,052 | 2% | added |
| 3 | EXC EXELON CORP | Utilities | 3.9% | $78.6m | 1,803,760 | -8% | reduced |
| 4 | LEA LEAR CORP | Consumer Cyclical | 3.3% | $67.6m | 589,753 | 3% | added |
| 5 | GFI GOLD FIELDS LTD | Basic Materials | 2.9% | $58.3m | 1,335,993 | 16% | added |
| 6 | SQM SOCIEDAD QUIMICA Y MINERA DE | Basic Materials | 2.9% | $58.2m | 846,610 | -24% | reduced |
| 7 | JNJ JOHNSON & JOHNSON | Healthcare | 2.7% | $55.1m | 266,405 | -3% | reduced |
| 8 | TAP MOLSON COORS BEVERAGE CO | Consumer Defensive | 2.5% | $51.6m | 1,104,632 | 3% | added |
| 9 | OMC OMNICOM GROUP INC | Communication Services | 2.2% | $45.0m | 557,401 | 48% | added |
| 10 | GGAL GRUPO FINANCIERO GALICIA S.A | Financial Services | 2.2% | $44.0m | 816,201 | -1% | reduced |
| 11 | SYY SYSCO CORP | Consumer Defensive | 1.9% | $38.9m | 528,494 | -3% | reduced |
| 12 | PAYX PAYCHEX INC | Technology | 1.8% | $37.6m | 334,959 | 86% | added |
| 13 | VIST VISTA ENERGY S.A.B. DE C.V. | Energy | 1.8% | $36.3m | 746,132 | 87% | added |
| 14 | KDP KEURIG DR PEPPER INC | Consumer Defensive | 1.7% | $35.6m | 1,269,368 | -3% | reduced |
| 15 | AMT AMERICAN TOWER CORP NEW | Real Estate | 1.7% | $35.3m | 200,944 | -3% | reduced |
| 16 | VALE VALE S A | Basic Materials | 1.6% | $32.6m | 2,500,707 | 28% | added |
| 17 | CEG CONSTELLATION ENERGY CORP | Utilities | 1.6% | $32.0m | 90,481 | -29% | reduced |
| 18 | CMS CMS ENERGY CORP | Utilities | 1.5% | $30.8m | 439,807 | -2% | reduced |
| 19 | NEE NEXTERA ENERGY INC | Utilities | 1.5% | $29.9m | 372,225 | -23% | reduced |
| 20 | PM PHILIP MORRIS INTL INC | Consumer Defensive | 1.4% | $29.0m | 180,661 | 55% | added |
| 21 | ABEV AMBEV SA | Consumer Defensive | 1.3% | $26.5m | 10,715,881 | -2% | reduced |
| 22 | D DOMINION ENERGY INC | Utilities | 1.3% | $25.6m | 436,342 | -23% | reduced |
| 23 | LOMA LOMA NEGRA C I A S A MTN 14 | 1.3% | $25.5m | 1,965,612 | 37% | added | |
| 24 | BSAC BANCO SANTANDER CHILE NEW | Financial Services | 1.2% | $25.1m | 806,568 | -5% | reduced |
| 25 | PEP PEPSICO INC | Consumer Defensive | 1.2% | $24.9m | 173,695 | -3% | reduced |
| 26 | MRK MERCK & CO INC | Healthcare | 1.1% | $22.4m | 212,417 | -3% | reduced |
| 27 | BRX BRIXMOR PPTY GROUP INC | Real Estate | 1.1% | $22.0m | 839,946 | -4% | reduced |
| 28 | PEG PUBLIC SVC ENTERPRISE GRP IN | Utilities | 1.1% | $21.9m | 272,267 | -6% | reduced |
| 29 | EMBJ EMBRAER S.A. | Industrials | 1.0% | $21.1m | 327,381 | 57% | added |
| 30 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 1.0% | $20.6m | 140,786 | -6% | reduced |
| 31 | MELI MERCADOLIBRE INC | Consumer Cyclical | 1.0% | $20.2m | 10,026 | -4% | reduced |
| 32 | AKAM AKAMAI TECHNOLOGIES INC | 0.9% | $18.0m | 18,200,000 | -1% | reduced | |
| 33 | FRT FEDERAL RLTY INVT TR NEW | Real Estate | 0.9% | $18.0m | 178,234 | -4% | reduced |
| 34 | CWEN CLEARWAY ENERGY INC | Utilities | 0.9% | $17.5m | 526,195 | -29% | reduced |
| 35 | EPAM EPAM SYS INC | Technology | 0.8% | $15.9m | 77,529 | – | new |
| 36 | TEL TE CONNECTIVITY PLC | Technology | 0.8% | $15.7m | 69,205 | 4% | added |
| 37 | HUBB HUBBELL INC | Industrials | 0.7% | $14.8m | 33,235 | 8% | added |
| 38 | PCG PG&E CORP | Utilities | 0.7% | $14.4m | 896,669 | – | new |
| 39 | AQN ALGONQUIN PWR UTILS CORP | Utilities | 0.7% | $14.3m | 2,331,095 | -23% | reduced |
| 40 | SUPV GRUPO SUPERVIELLE S.A. | Financial Services | 0.7% | $13.9m | 1,178,894 | 58% | added |
| 41 | SOUTHERN CO | 0.6% | $12.4m | 11,610,000 | -20% | reduced | |
| 42 | TEO TELECOM ARGENTINA SA | Communication Services | 0.6% | $11.7m | 1,009,244 | 51% | added |
| 43 | WEC ENERGY GROUP INC | 0.6% | $11.7m | 10,000,000 | -5% | reduced | |
| 44 | FSLR FIRST SOLAR INC | Technology | 0.5% | $10.8m | 41,424 | -37% | reduced |
| 45 | ORA ORMAT TECHNOLOGIES INC | Utilities | 0.5% | $10.8m | 97,901 | -28% | reduced |
| 46 | JD.COM INC | 0.5% | $10.8m | 10,743,000 | -20% | reduced | |
| 47 | DUKE ENERGY CORP NEW | 0.5% | $10.6m | 10,241,000 | -0% | held | |
| 48 | TECK TECK RESOURCES LTD | Basic Materials | 0.5% | $10.2m | 213,497 | -38% | reduced |
| 49 | EXPEDIA GROUP INC | 0.5% | $10.2m | 9,117,000 | -28% | reduced | |
| 50 | XEL XCEL ENERGY INC | Utilities | 0.5% | $10.0m | 135,490 | -31% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.